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BOSTON, April 30, 2019 (GLOBE NEWSWIRE) -- Block & Leviton LLP (www.blockesq.com), a national securities litigation firm, is investigating whether PetIQ, Inc. (“PetIQ” or the “Company”) (NASDAQ: PETQ) and certain of its officers and directors violated federal securities laws.
On April 30, 2019, Spruce Point Capital Management released a report titled “PetIQ Inc.: A Flea and Tick Infested Investment”. The report states that PetIQ is engaged in “questionable rebate accounting” and that “suspicious circumstances” surrounded PetIQ’s acquisition of VIP.
Following this news, PetIQ’s share price dropped more than 8%.
We are investigating the possibility of filing a lawsuit against PetIQ. If you have purchased or otherwise acquired PetIQ securities and have questions about your legal rights, or possess information relevant to this investigation, you are encouraged to contact attorney Dan DeMaria at (888) 868-2385, by email at email@example.com, or by visiting http://shareholder.law/cases/?case=pet.
Block & Leviton LLP was recently ranked 4th among securities litigation firms by ISS for recoveries in 2017. The firm represents many of the nation's largest institutional investors and numerous individual investors in securities litigation throughout the country. Indeed, its lawyers have recovered billions of dollars for its clients.
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SOURCE Block & Leviton LLP